Alpha Wealth Funds LLC Takes Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Alpha Wealth Funds LLC purchased a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 3,100 shares of the industrial products company's stock, valued at approximately $876,000. Zebra Technologies comprises approximately 0.9% of Alpha Wealth Funds LLC's portfolio, making the stock its 19th largest position.

Other institutional investors have also recently bought and sold shares of the company. Equitable Trust Co. lifted its position in Zebra Technologies by 1.7% during the 4th quarter. Equitable Trust Co. now owns 1,600 shares of the industrial products company's stock valued at $618,000 after purchasing an additional 27 shares during the period. New York Life Investment Management LLC boosted its stake in Zebra Technologies by 0.4% in the fourth quarter. New York Life Investment Management LLC now owns 7,705 shares of the industrial products company's stock valued at $2,976,000 after acquiring an additional 30 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Zebra Technologies by 2.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the industrial products company's stock worth $518,000 after acquiring an additional 32 shares during the period. Benjamin Edwards Inc. raised its position in shares of Zebra Technologies by 5.7% during the 4th quarter. Benjamin Edwards Inc. now owns 651 shares of the industrial products company's stock valued at $251,000 after acquiring an additional 35 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV raised its position in shares of Zebra Technologies by 102.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock valued at $27,000 after acquiring an additional 36 shares during the last quarter. Institutional investors own 91.03% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Robert W. Baird boosted their price objective on shares of Zebra Technologies from $290.00 to $320.00 and gave the company an "outperform" rating in a report on Wednesday. Truist Financial lowered their price objective on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a research report on Tuesday, April 8th. Citigroup lowered their price target on Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Barclays cut their price objective on Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. Finally, Morgan Stanley increased their target price on Zebra Technologies from $245.00 to $280.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 28th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $328.82.

Zebra Technologies Trading Up 0.1%

Shares of Zebra Technologies stock traded up $0.21 during trading on Thursday, hitting $291.24. The company's stock had a trading volume of 468,898 shares, compared to its average volume of 466,154. The stock has a market cap of $14.81 billion, a price-to-earnings ratio of 28.61 and a beta of 1.74. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. Zebra Technologies Co. has a 52 week low of $205.73 and a 52 week high of $427.76. The stock has a 50-day moving average price of $260.72 and a two-hundred day moving average price of $327.57.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 EPS for the quarter, beating the consensus estimate of $3.60 by $0.42. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The firm's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.84 EPS. Equities research analysts anticipate that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

About Zebra Technologies

Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking, and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, vehicle mounts, and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution.